EAST HARTFORD, Conn.,
May 20, 2014 /PRNewswire/
-- Pratt & Whitney, a United Technologies Corp. company
(NYSE: UTX), is making significant investments in its global
facilities as the company prepares for an increase in commercial
and military engine production to levels.
"This is a very exciting time for Pratt & Whitney," said
Danny Di Perna, senior vice
president of Engineering & Operations. "Over the next few years
we will significantly increase our engine production. While these
investments will transform our global operations, more importantly,
they will ensure we are prepared to deliver this increase in volume
to our customers with the world-class quality they have come to
expect."
These investments are part of a five-year capital expenditure
plan from 2013-2017 focusing on technology improvements and
facility expansions. The investments include:
- A more than $400 million
investment to expand the company's East
Hartford and Middletown,
Conn., facilities.
- A $63 million project to expand
for the company's West Palm Beach,
Fla., facility, which is slated for a June grand
opening.
- A $140 million expansion at the
company's Advanced Coating Technology facility in Wallkill, New York.
- A $110 million investment in
Singapore to build a new
180,000-square-foot manufacturing facility, slated to open later
this year, and new repair and engineering facility that opened in
December 2013.
"Pratt & Whitney's manufacturing strategy is based on
balancing capability, capacity, flexibility and affordability to
offer our customers as much value as possible," Di Perna said. "Our next generation engine
programs give Pratt & Whitney the opportunity to increase
assembly and machining capacity globally, invest in smart
technologies, introduce new capabilities and improve efficiency in
our factories to be leaner."
Pratt & Whitney is a world leader in the design, manufacture
and service of aircraft engines, auxiliary and ground power units,
and small turbojet propulsion products. United Technologies Corp.,
based in Hartford, Connecticut,
provides high technology products and services to the building and
aerospace industries. To learn more about UTC, visit its website at
www.utc.com, or follow the company on Twitter: @UTC.
This press release contains forward-looking statements
concerning future business opportunities. Actual results may differ
materially from those projected as a result of certain risks and
uncertainties, including but not limited to changes in levels of
demand in the aerospace industry, in levels of air travel, and in
the number of aircraft to be built; challenges in the design,
development, production and support of advanced technologies; as
well as other risks and uncertainties, including but not limited to
those detailed from time to time in the companies' Securities and
Exchange Commission filings.
Cindy Szabo
Pratt &
Whitney
+1-860-205-7245
cindy.szabo@pw.utc.com
SOURCE Pratt & Whitney